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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: David Jones who wrote (6992)	11/22/2002 7:27:25 AM
From: Moominoid	Read Replies (1) \| Respond to of 306849

Yes for the useless and lazy. The ones that need someone else to manage your trust. As life expectancy is higher now most people won't be receiving inherited money till their late 50's or even 60's. The expectation of receiving inheritance might change their plans about retirement savings vis a vis those that don't plan on inheriting, but they'll still need to be working and maybe saving during much of their life unless they just want to sit around waiting for Mom to die until they are 60... And even if they didn't really put inheritance into their financial planning when they get it it might make them spend their other savings faster. This will reduce the net personal savings rate... I mentioned my parents as an example before. My father was 80 when he sold the artwork I mentioned - it took a long time to get out of legal tangles. It sold for 15 times the auctioneers estimate and so was a surprise windfall. He was a hard working big saver all his life before that.... My mother is now 70 and I hope she has a long life ahead still - I need to persuade her to spend more and enjoy herself still! Moomin